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how the fiscal cliff will impact their businesses. that's later on in "the closing bell." stay with us. back in a moment. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. >>> welcome back. the fight over the fiscal cliff heating up with both parties accusing the other of failing to offer substantial plans. >> to this point, that's right. without a deal, automatic spending cuts and higher taxes will kick in january 1st. that's something our next guest wants to avoid. we welcome back democratic congressman charlie rangel of new york. good to see you. welcome back. >> good to be back. >> we're at that awkward part of th
how the fiscal cliff will impact their businesses. that's later on in "the closing bell." stay with us. back in a moment. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to...
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Nov 30, 2012
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you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean problems for everyone globally and no one would want that. i'm sure that you'll be able to find the right solution by the end of december. >> let us hope. mr. michalos, thank you very much. sue? >>> thank you, ty. two big winners in that $587 million record powerball lottery. but how much do you really need to earn to make you happy? the answer may surprise you. >>> and before you fill up your tank with gas, listen up. aaa is warning regulators to stop sales of a certain type of fuel at the pump because it could damage your car and void your car
you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean...
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>> i have to come to talk about the fiscal cliff? practicing matti >> we all have fiscal cliff fatigue. >> yeah, i think it's totally understandable, but it still hasn't been dealt with as we've just seen. we think there will be a fiscal slide. we have kind of three scenarios in find. a full fiscal cliff, a bunny slope or something in the middle, a fiscal slide. and i think that's where we're headed. we believe it will be in the neighborhood of 1.5% of gdp in fiscal adjustment and i think that's obviously better than the full lack of 4.5. and it's better than -- worse than something that wouldn't make too much difference. 1.5 will make an important difference still. >> and what's in that 1.5% in terms of tax hikes and spending cuts? >> probably are going to be a brunch of different things in it, but the main thing that will be close to 1% of u.s. gdp is the expiring of the payroll tax cut. both sides of the aisle agree on that. it will fall disproceportiona a on middle income households. >> and instead of the bush tax cuts for exampl
>> i have to come to talk about the fiscal cliff? practicing matti >> we all have fiscal cliff fatigue. >> yeah, i think it's totally understandable, but it still hasn't been dealt with as we've just seen. we think there will be a fiscal slide. we have kind of three scenarios in find. a full fiscal cliff, a bunny slope or something in the middle, a fiscal slide. and i think that's where we're headed. we believe it will be in the neighborhood of 1.5% of gdp in fiscal adjustment...
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Nov 29, 2012
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a lot of talk about recession, particularly if we were to go off the fiscal cliff. what's your take on economic landscape in the next year? >> i think there are mixed signs out there. there is great apprehension in small business and in business at large with the prospects of tax increases or dramatic spending cuts that might trigger triggered. i think there's great anxiety. when there's anxiety, people generally don't spend money. the concern is well founded. >> and my thanks to john wattson. >>> political posturing on the fiscal cliff from leading republicans and democrats alike. >> i remain hopeful that productive conversations can be had in the days ahead. but the white house has to get serious. >> we have made our proposal. let them come forward with something. >> find out what senate majority leader harry reid's nevada constituents are saying about his performance. >>> also, is it time for the u.s. to join the ranks and put $1 billis to rest in favor of a $1 coin? believe it or not, people feel passionate about this issue. our heated debate is coming next. sta
a lot of talk about recession, particularly if we were to go off the fiscal cliff. what's your take on economic landscape in the next year? >> i think there are mixed signs out there. there is great apprehension in small business and in business at large with the prospects of tax increases or dramatic spending cuts that might trigger triggered. i think there's great anxiety. when there's anxiety, people generally don't spend money. the concern is well founded. >> and my thanks to...
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but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another session. it keeps falling further and further. doesn't seem that there is anything that policymakers or investors can do to lift sentiment in this market. different story in the hang seng, rebounding up about 1%. so a tale of two very different markets. hang seng up nearly 20 percent year to date. if you're playing china in both markets, very, very different views. the kospi is up 1.2%. asx 200 up 0.7%. major miners in focus. bhp and ceo coming out with comments that we'll talk about later. we have the japanese market continuing their rally. it's been quite the rally over the last few week. topex you might want to watch. goldman sachs year's target up by some 8%. there is still up side of about 20%. you could see some gains if they are correct. but the knee he kay 225 recouping losses from yesterday to continue on that rally. up 1%. sharp was in focus today on talks that they may be signing some in
but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another session. it keeps falling further and further. doesn't seem that there is anything that policymakers or investors can do to lift sentiment in this market. different story in the hang seng, rebounding up about 1%. so a tale of two very different markets. hang seng up nearly 20 percent year to date. if you're playing china in both markets,...
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of course the parties want to avoid a fiscal cliff. but what conservatives want is to make 180-degree turn in fiscal policy towards lower taxes, lower spending, and greater prosperity. most importantly opportunity for all. >> i love that. i want you it talk that through with peter goodman. peter goodman, appreciate it. nan hey worth. one of our next guests believes the house republicans should dive head first off the fiscal cliff. oh, my god. he's going to have to explain that one to me. don't forget, folks, free market capitalism is the best bet to prosperity. let me just underscore the prosperity part. we need a lot more of it. i'm kudlow. we'll be right back. >>> welcome back to "the kudlow report." the new york mets agreed to a megamillion dollar contract extension for all star third baseman david wright today. he's not alone in this year-end wheeling and dealing. we're going to explain why baseball's feeling a fiscal cliff tax frenzy. that coming up in about 30 minutes. >>> now switching gears, with just 33 days until the country'
of course the parties want to avoid a fiscal cliff. but what conservatives want is to make 180-degree turn in fiscal policy towards lower taxes, lower spending, and greater prosperity. most importantly opportunity for all. >> i love that. i want you it talk that through with peter goodman. peter goodman, appreciate it. nan hey worth. one of our next guests believes the house republicans should dive head first off the fiscal cliff. oh, my god. he's going to have to explain that one to me....
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Dec 7, 2012
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world would arrive if we went over the fiscal cliff, people in the market basically his surely they can't be that done. they're assuming it's going to get done. >> i think the markets are saying -- it's balanced 50/50. my personal opinion is it's a higher chance it won't happen. just as bill clinton managed to pin the blame for the government shutdown on newt gingrich and put the republicans in retreat, in terms of card playing, president obama has some cards that he can basically lay this off and perhaps it will fall to the blame -- fall on the republicans. that's why we think it could drift over the cliff. >> we'll see. i know you've been a champion of apple all year. we're going to ask you on the countdown if you'd still buy apple at these lower levels. that's still to come later. thank you, my friend. before we go to commercial here, some sad news for the business world and our family here at cnbc. saul steinberg, the father of our maria bartiromo, died earlier today at the age of 73. he was best known for launching a string of takeovers back in the 1980s. he was also an avid ar
world would arrive if we went over the fiscal cliff, people in the market basically his surely they can't be that done. they're assuming it's going to get done. >> i think the markets are saying -- it's balanced 50/50. my personal opinion is it's a higher chance it won't happen. just as bill clinton managed to pin the blame for the government shutdown on newt gingrich and put the republicans in retreat, in terms of card playing, president obama has some cards that he can basically lay...
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we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bon
we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's...
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but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and only howard schultz i believe will tell you that business is smoking in so many places in china to the united states and that tebana will be the next generation starbucks as soon as the merger is completed. the next day yum brands. it's coming to town. that company will have some explaining to do. i will have more on what yums needs to tell us. the sting of the earnings shortfall last night will still be with us no matter how good kentucky fried chicken might taste. also we hear from lulu lem athletics. i got a situation for how to trade this wild stock. wait
but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and...
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and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama proposals by saying you're not cutting spending, you're not coming to us on entitlements, but it's falling flat. no one's really listening and the white house has controlled the debate that it's all about the upper 2%. the first thing in texas you do is shrink the size of government, wouldn't you? >> well, we did that. we faced a substantial budget shortfall. we have a constitutional amendment that requires us to have a balanced budget, which frankly america needs that. >> i don't know what would happen. >> most states have that. >> the states that are -- i
and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama...
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but this week, not quite so much. >> let's talk about the fiscal cliff. is that worrying you at all? it's now december 3rd and it does not look like these two sides are any closer to reaching an agreement. if this is an issue that we don't find a solution to the fiscal cliff, we go over the edge, what is it going to mean for the global market? >> i was just listening and watching your previous discussion. you know, you guys are at a minimum lucky that the dollar is still such a research currency. when you compare the luxury, it seems that the markets are giving washington compared to the complete opposite with a lot of these cliff mad countries, the contrast is startling. to me, what's really in my head this morning is i detect more and more longer term investors and the cautious ones who are being influenced by this and start to go think, you know what? europe has dealt with some of its long-term issues even though the economies are weak and given the relative returns and value in market, i detect the first signs of people shifting more towards europe fr
but this week, not quite so much. >> let's talk about the fiscal cliff. is that worrying you at all? it's now december 3rd and it does not look like these two sides are any closer to reaching an agreement. if this is an issue that we don't find a solution to the fiscal cliff, we go over the edge, what is it going to mean for the global market? >> i was just listening and watching your previous discussion. you know, you guys are at a minimum lucky that the dollar is still such a...
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the fiscal cliff hits. the arguments i just pa about the withholding tables and cutting spending, are not generally talked about. a lot of people deny they can be done. we're confident they can. so the question then becomes what's the impact, where is the impact. and the impact is equity markets end of next week will say these guys aren't going to get it done, we won't have a deal january 1, everything falls apart, that's assuming of course we all get past december 21st. >> so basically week and counting before you think the equity market really drops significantly? >> if we do get a deal done do, we just maintain the 2% that we're stuck in with the high unemployment and not go down? or does it actually allow us to start growing again? is anybody talking growth? >> we're talking growth. >> is it possible to ever get back to that in this environment? >> it is. you have a lot of problems with the piece. >> do you briyou believe if you rote deficit -- two different ways. you either keep the government that you
the fiscal cliff hits. the arguments i just pa about the withholding tables and cutting spending, are not generally talked about. a lot of people deny they can be done. we're confident they can. so the question then becomes what's the impact, where is the impact. and the impact is equity markets end of next week will say these guys aren't going to get it done, we won't have a deal january 1, everything falls apart, that's assuming of course we all get past december 21st. >> so basically...
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what we're talking about here is a fiscal cliff as a math problem. we have solved bigger problems as a nation in the past. i'm 100% confident we'll have a deal by the end of the year and gdp growth will be above 4% next year. >> congressman jim gerlach represents the district next door to where the president will be today. yesterday we had speaker boehner come on national television and say the president needs to stop campaigning. here he is yet again today going basically to your part of the country. how does that feel? >> he's going to be up in southeastern pennsylvania near where my legislative district is. i think the president ought to get off the campaign bus and get into the conference room with the speaker and the other congressional leaders and work out a deal. we only have about 30 days to go before the end of the year. he shouldn't be right now up in southeastern pennsylvania. he should be in washington, d.c. working with the other congressional leaders to get something done. >> he obviously did put something on the table yesterday. the re
what we're talking about here is a fiscal cliff as a math problem. we have solved bigger problems as a nation in the past. i'm 100% confident we'll have a deal by the end of the year and gdp growth will be above 4% next year. >> congressman jim gerlach represents the district next door to where the president will be today. yesterday we had speaker boehner come on national television and say the president needs to stop campaigning. here he is yet again today going basically to your part of...
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the fiscal cliff still being talked about here. there's a certain realization that the rough outlines of a deal are already available here. modest tax raises, some spending cuts, that's the real rub there. extent of spending cuts. the bad news if you want to look at it this way and i said it several times in the last few days, the era of american austerity is about to begin. we have seen some of it going on in parts of europe. it's about to begin here. my sense is that it will be gentle austerity in 2013 and into 2014. at least in the very beginning part of this thing. other good news, housing numbers and autos have been good recently. you saw toll brothers yesterday. gm did not bad although the trucking was light. the fed, they're going to continue to expand their qe program likely at the meeting on december 12th. depends on whether that's good or bad news to you. that will provide some cushion against austerity. so a mixed realization about where all of this is going. one of the reasons the markets are holding up well. the toll n
the fiscal cliff still being talked about here. there's a certain realization that the rough outlines of a deal are already available here. modest tax raises, some spending cuts, that's the real rub there. extent of spending cuts. the bad news if you want to look at it this way and i said it several times in the last few days, the era of american austerity is about to begin. we have seen some of it going on in parts of europe. it's about to begin here. my sense is that it will be gentle...
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i want to talk to you some more. we'll go back to the fiscal cliff. if high end tax rates are successful entrepreneurs rocket higher, you can bet the number of millionaires in this country is going south. that's if high taxes go up. millionaires go down. that's no good. in our land of opportunity, i want more millionaires. and i think the better for them and the economy. robert frank will join us with some very arresting numbers. high tax, fewer millionaires. not good. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> 28 days until the country plummets off the tax and fiscal cliff. big tax hikes could be coming for everyone but we see als
i want to talk to you some more. we'll go back to the fiscal cliff. if high end tax rates are successful entrepreneurs rocket higher, you can bet the number of millionaires in this country is going south. that's if high taxes go up. millionaires go down. that's no good. in our land of opportunity, i want more millionaires. and i think the better for them and the economy. robert frank will join us with some very arresting numbers. high tax, fewer millionaires. not good. two years ago, the people...
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all i'll say is with a lot of talk about fiscal cliff, including this program, bald it could be a problem, the stock markets are dissonant. they're dissonant in the chinese soft/hard landing and putting it into a soft landing. something good is going on out there. and we better keep a good eye on it. i'm sorry we don't have more time. >> i think there's plenty of good things. >> folks, you're not going to believe this, you're not going to believe this, the michigan statehouse has just passed a bill in favor of making that so-called union paradise a right-to-work state. yes, it's really true. right to work in michigan. thought it would never happen. we're about to talk to the governor of the great state of michigan about this incredible development after the break. no more union paradise. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the streng
all i'll say is with a lot of talk about fiscal cliff, including this program, bald it could be a problem, the stock markets are dissonant. they're dissonant in the chinese soft/hard landing and putting it into a soft landing. something good is going on out there. and we better keep a good eye on it. i'm sorry we don't have more time. >> i think there's plenty of good things. >> folks, you're not going to believe this, you're not going to believe this, the michigan statehouse has...
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. >>> how the fiscal cliff maybe the single biggest threat to house. tell you how, coming up. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. >>> street streit talk time, five stocks that you need know about. get to t metro pcs what is happening? >> falling. sprint up likely to make a counteroffer for metro pcs. sprint is focused on closing the soft bank rather than making a pcs bid. met rose pcs agreed to be taken over by deutsche telekom in october and then sprint a deal for metro pcs, all convoluted from a regulatory perspective. david faber said same thing weeks ago but the stock moving on the that reuters report. >> big lots the next one up.
. >>> how the fiscal cliff maybe the single biggest threat to house. tell you how, coming up. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. ♪ [ male announcer ] 'tis the season to discover the kid...
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we'll talk about the fiscal cliff in just a few minutes. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... boproductivity up, costs down, thtime to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it.
we'll talk about the fiscal cliff in just a few minutes. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time....
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talks. >> it doesn't come at an opportune time because of the fiscal cliff, both the talks and the idea we're short of money. traditionally, what this country has done is treated disaster separately. >> senators from the storm ravaged states believe the obama administration will propose roughly $50 billion in relief, far short of what the states want, $82 billion. >> is there that kind of money lying around? >> certainly not that kind of money lying around. it's such a complex time right now we're dealing with a host of issues. we're going over the fiscal cliffs. >> senator susan collins are facing budget cuts they would like to pay for the storm cleanup. the uncertain fate of the relief money comes little more than a month after the jaw dropping pre-rel pre-election image of president obama and governor christie shoulder to shoulder, a time when he promised to help victims quickly. >> i want you to cut through red tape. i want you to cut through bureaucracy. there's no excuse for inaction at this point. >> the white house said the president remains committed. >> there's no question wha
talks. >> it doesn't come at an opportune time because of the fiscal cliff, both the talks and the idea we're short of money. traditionally, what this country has done is treated disaster separately. >> senators from the storm ravaged states believe the obama administration will propose roughly $50 billion in relief, far short of what the states want, $82 billion. >> is there that kind of money lying around? >> certainly not that kind of money lying around. it's such a...
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want to go back to the issue with the fiscal cliff. time warner signed onto and supports what the mayor was talking about. what he signed onto. fix the debt campaign. there's disclosure about that. as we reported, the president and speaker boehner had a telephone conversation yesterday presumably about the fiscal cliff. we didn't hear a lot of production from it but we do hope to learn more about what was said if there are going to be further negotiations and whether they had a cocktail together. the white house press secretary jay carney is preparing to take that lectern in just moments. the seats will be full of the press corp. we'll bring it live when it gets we'll bring it live when it gets under way. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, an
want to go back to the issue with the fiscal cliff. time warner signed onto and supports what the mayor was talking about. what he signed onto. fix the debt campaign. there's disclosure about that. as we reported, the president and speaker boehner had a telephone conversation yesterday presumably about the fiscal cliff. we didn't hear a lot of production from it but we do hope to learn more about what was said if there are going to be further negotiations and whether they had a cocktail...
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we'll talk about our own dysfunctional people in washington, d.c., in this fiscal cliff. [ man ] in hong kong, on my way to the board meeting... anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. >>> this week, we made a good faith offer to avert the fiscal crisis. now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> house speaker boehner saying that is president obama and the democrats to save you for being higher taxes. this fiscal cliff thing, the problem with the republicans, larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the rea
we'll talk about our own dysfunctional people in washington, d.c., in this fiscal cliff. [ man ] in hong kong, on my way to the board meeting... anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about...
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we'll talk about our own dysfunctional people in washington, d.c., in this fiscal cliff. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> this week, we made a good faith offer to avert the fiscal crisis. now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> house speaker boehner saying that is president obama and the democrats to save you for being higher taxes. this fiscal cliff thing, th
we'll talk about our own dysfunctional people in washington, d.c., in this fiscal cliff. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs....
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with the fiscal cliff pr campaign. he is meeting with a middle class family in northern virginia, and the white house says the president is going to talk about his efforts to extend tax cuts for the middle class as part of this debt deal. well, some economists are predicting that the country will go into another recession if this debt deal is not reached. any deal that the lawmakers and white house come up with is also going to have a major impact, so joining us to talk a little bit about it, peter morrissey. he is a business professor at the university of maryland, and our own chief business xhnt ali velshi. you wrote something, an article here, predicting that these tax hikes, the spending cuts likely in the debt deal, could push unemployment, you believe, from 7.9% all the way to 10%. how so? >> well, simply it will cut spending in the economy. the wealthy will have less money to spend, but the government will likely be spending a lot less money as well because the republicans are going to want spending cuts. you co
with the fiscal cliff pr campaign. he is meeting with a middle class family in northern virginia, and the white house says the president is going to talk about his efforts to extend tax cuts for the middle class as part of this debt deal. well, some economists are predicting that the country will go into another recession if this debt deal is not reached. any deal that the lawmakers and white house come up with is also going to have a major impact, so joining us to talk a little bit about it,...
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. >>> president obama and house speaker john boehner chatting by phone about the fiscal cliff. no details or word of progress or future talks with just 26 days remaining to get a deal done. another prominent republican is breaking ranks. tom coburn, a leading conservative and fiscal hawk saying he'd prefer raising taxes on the wealthy as a way to raise revenues. >>> a bitter turf war between twitter and instagram elle cl escalating. no one on twitter will be able to see the images posted on instagram. instagram's goal is getting people to post more photos on their site. >>> a man cannot have any more children until he shows proof that he can actually afford those children. 44-year-old corey curtis is charged with failure to support two of the nine children that he's fathered with six women. he owes $85,000 and says he is ready to abide by the judge's order. >> good idea. >> all right. the grammy nominations announced in style with a star-studded concert, jay z and kanye west were among the six artists tied for the most nominations, six apiece. the grammy awards ceremony, music'
. >>> president obama and house speaker john boehner chatting by phone about the fiscal cliff. no details or word of progress or future talks with just 26 days remaining to get a deal done. another prominent republican is breaking ranks. tom coburn, a leading conservative and fiscal hawk saying he'd prefer raising taxes on the wealthy as a way to raise revenues. >>> a bitter turf war between twitter and instagram elle cl escalating. no one on twitter will be able to see the...
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it's expected they will talk about the fiscal cliff. there is also a lot of growing speculation there may be a role for romney in the obama administration. >> dozens of new york public schools victimized by looters in the aftermath of super storm sandy. the city reports 30 schools targeted including one in the rockaways and queens where nearly a hundred ipads and i macs were stolen. >> terrible. >> the looting losses rbt covered by insurance. >> clothes as eccentric as her music. yoko ono with a new line from a sketch she drew for her and john lennon's wedding. they were designed to celebrate john lennon's hot bod. tank tops with nipple cutouts, buttless pants which we are not going to show you. really. interesting. >> two words i thought you would never say. buttless pants. >>> president obama has dispatched one of his top money men to cut a deal with lawmakers. we are talking about that coming u. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spe
it's expected they will talk about the fiscal cliff. there is also a lot of growing speculation there may be a role for romney in the obama administration. >> dozens of new york public schools victimized by looters in the aftermath of super storm sandy. the city reports 30 schools targeted including one in the rockaways and queens where nearly a hundred ipads and i macs were stolen. >> terrible. >> the looting losses rbt covered by insurance. >> clothes as eccentric as...
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fiscal cliff talks going nowhere. the president hits the road today selling a plan that includes $1.6 trillion in tax hikes and $50 billion in stimulus spending. you can imagine what republicans thought about that. they are balking at the very least. house speaker john boehner telling reporters the president needs to, quote, get serious on spending cuts. out of nowhere the earth collapsed. a giant sinkhole has developed near dover, ohio, south of cleveland. local residents cannot believe their eyes by how big this thing is. it happened wednesday afternoon. taking part of a two-lane highway down with it. fortunately no one's been injured. >>> wow. exciting discovery on the planet mercury. ice. na nasa's messenger probe discovering frozen water. it's mostly found in deep craters that are always in the shadows. scientists believe the water almost certainly came from impacting comets or asteroids. >>> 30 years ago today, back in 1982, michael jackson released "thriller" an album that changed the music business and cemente
fiscal cliff talks going nowhere. the president hits the road today selling a plan that includes $1.6 trillion in tax hikes and $50 billion in stimulus spending. you can imagine what republicans thought about that. they are balking at the very least. house speaker john boehner telling reporters the president needs to, quote, get serious on spending cuts. out of nowhere the earth collapsed. a giant sinkhole has developed near dover, ohio, south of cleveland. local residents cannot believe their...
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but first this, the fiscal cliff, the talks hit a huge road bump. zingers and verbal jabs are flying while actual talks are at a stand still. president obama says republicans must agree to preserve a middle class tax cut as first part of any deal. and he linked republicans to scrooge today while touring a pennsylvania toy factory. listen. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family, everybody here, you'll see your taxes go up on january 1st. i mean, i'm assuming that doesn't sound too good to you. that is sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> that's pretty scroogy, right? president obama's proposal calls for $1.6 trillion in new tax revenue. $50 billion for new stimulus spending. and about $400 billion in entitlement cuts. republicans say, the president's proposal's nothing but a political stunt. here is boehner. >> the white house spends three weeks trying to develop a proposal and they send one up here that calls for
but first this, the fiscal cliff, the talks hit a huge road bump. zingers and verbal jabs are flying while actual talks are at a stand still. president obama says republicans must agree to preserve a middle class tax cut as first part of any deal. and he linked republicans to scrooge today while touring a pennsylvania toy factory. listen. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family, everybody here,...
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fiscal cliff talks are turning into a high-stakes game of chicken. secretary tim geithner said there's no deal unless republicans agree to raise taxes on the wealthy. >> if they are going to force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, then that's the choice we'll have to make. >> republicans are furious. they don't like democrats drawing a red line in the sand. >> i think we are going over the cliff. it is pretty clear to me they made a political calculation. >> president barack obama and gop leaders held one face to face meeting on the fiscal cliff since the election. that meeting took place more than two weeks ago. >>> the kansas city chiefs suited up and took the field today against carolina. that's despite the shock and horror of yesterday's suicide of linebacker jevon belcher. stay right there with full details in a full report on cnn in just a minute. >>> high winds and heavy rain are pummeling the northwest. the rainfall will continue throughout the day. some places have a
fiscal cliff talks are turning into a high-stakes game of chicken. secretary tim geithner said there's no deal unless republicans agree to raise taxes on the wealthy. >> if they are going to force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, then that's the choice we'll have to make. >> republicans are furious. they don't like democrats drawing a red line in the sand. >> i think we are going over the cliff. it is...
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let's talk a little bit about fiscal cliff. depending on who you believe, it's going fine, or it's going terribly and we're never, ever going to have any kind of agreement, we're going to go right over the cliff, especially now that the republicans have but up their counterproposal, what do you think? or is it kabuki theater? >> i think it's kabuki theater. i think the republican proposal is a serious proposal. it's not where the deal is going to end. there has been an election. but it does reprise a lot of the arguments from the negotiations between the president and john boehner in the summer of 2011. it's not something that really should be laughed off the page. i mean, the most difficult thing for republicans is accepting an increase in the top rate for the top earners in the tax rate which they don't want to do in this proposal but which they don't ever have to vote for in order to have it happen. i think somehow that will be a key element. >> it's a bad thing that the white house immediately dismissed -- i mean it couldn'
let's talk a little bit about fiscal cliff. depending on who you believe, it's going fine, or it's going terribly and we're never, ever going to have any kind of agreement, we're going to go right over the cliff, especially now that the republicans have but up their counterproposal, what do you think? or is it kabuki theater? >> i think it's kabuki theater. i think the republican proposal is a serious proposal. it's not where the deal is going to end. there has been an election. but it...
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i'm really encouraged that we can avoid this fiscal cliff for a number of reasons. first of all, there is a growing group of republicans who say we really need to raise revenue, not just talk about raising revenue, but actually increase taxes on the wealthiest 2%. and they're willing to consider those kinds of taxes that the president proposed so that middle-class americans, the 98%, will not see any taxes. and second i'm encouraged because some of the businesses, in fact a growing number of businesses, moderate and constructively, are proposing that the president's plan make sense. but the major developments that really for the republicans to come forward with some of their specifics. and specific terms, and proposals if they say they want to avoid these tax increases. they need to be more specific. on how to do it. >> you keep using the word encourage and i'll read you some other words that have come from lindsey graham. he said it's a joke. it's not serious. and it, you know, you might be encouraged but treasury secretary geithner did not seem all that encouraged
i'm really encouraged that we can avoid this fiscal cliff for a number of reasons. first of all, there is a growing group of republicans who say we really need to raise revenue, not just talk about raising revenue, but actually increase taxes on the wealthiest 2%. and they're willing to consider those kinds of taxes that the president proposed so that middle-class americans, the 98%, will not see any taxes. and second i'm encouraged because some of the businesses, in fact a growing number of...
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at least on the most important issue facing the country, the fiscal cliff. there has been zero progress on a deal, no behind the scenes negotiating. no staff level talks, even. nothing. former senate majority leader george mitchell has ideas on how to get a deal. we'll also speak to a political panel, eric erickson and rich gaylen and what it will take to stop the suffering in syria. we show heart breaking pictures of these like a family fleeing for 21 months now. we know it's hard to watch. we think it's worth making sure the world knows what is happening inside the country. senator john mccain has also been keeping a close eye on syria. you'll hear from him tonight. >>> and the image of a man in the final seconds of his life about to be struck by a subway train. we'll ask dr. drew pinsky about why he was being photographed instead of rescued. there was a lot of people standing around on the platform. should they have gotten involved. a lot more at the top of the hour. >> we'll see you in a few minutes. >>> now our fifth story "outfront." did hollywood get
at least on the most important issue facing the country, the fiscal cliff. there has been zero progress on a deal, no behind the scenes negotiating. no staff level talks, even. nothing. former senate majority leader george mitchell has ideas on how to get a deal. we'll also speak to a political panel, eric erickson and rich gaylen and what it will take to stop the suffering in syria. we show heart breaking pictures of these like a family fleeing for 21 months now. we know it's hard to watch. we...
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going to talk about iran, going to talk about syria, going to talk about the fiscal cliff impact on the world economy, and of course, the baby. coming out of buckingham palace. eventually. also, republicans are now out with a counteroffer on the fiscal cliff. congressman becerra is going to join us. republican ron johnson from the state of wisconsin will discuss the fiscal cliff and the negotiations for that, as well. plus the truth about all those myths that your parents told you. should you run with scissors? no, of course not. can you swim after you eat? no, of course not. the all-time jeopardy champion ken jennings has a new book out where he researchers all these myths and breaks it down. >> it's so funny. >> yes, yes. it's ahead this morning at the top of the hour on "starting point." >> oh, wow. thanks soledad. >> coming up, about catherine duchess of cambridge, right? and her royal bun in the oven and how we now have eight more months of speculation whether it's a boy or a girl, what they're going to make it. we're going to talk to elizabeth cohen when morning sickness is so ter
going to talk about iran, going to talk about syria, going to talk about the fiscal cliff impact on the world economy, and of course, the baby. coming out of buckingham palace. eventually. also, republicans are now out with a counteroffer on the fiscal cliff. congressman becerra is going to join us. republican ron johnson from the state of wisconsin will discuss the fiscal cliff and the negotiations for that, as well. plus the truth about all those myths that your parents told you. should you...
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the fiscal cliff. >>> $7 coffee. starbucks thinks you will pay. coffee connoisseurs can pay $7 for a grande cup of costa rica fincapalamara. it's called mucho deneiro. cultivated from a central american bean known as geisha. it is extremely difficult to produce. the same america who spends $7 on lottery tickets you know you won't win. you can drink this. >> would you? >> to be honest, once i would. >> sucker. $7 coffee. you need music or television or something. >> people to dance. >> yeah. it's like the $5 shake in "pulp fiction." better be a good cup of coffee. a new report says president obama is being flexible with top tax rates as negotiations intensify. will that help republicans agree to a deal? we'll be talking to republican from wyoming senator john barrasso up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or e
the fiscal cliff. >>> $7 coffee. starbucks thinks you will pay. coffee connoisseurs can pay $7 for a grande cup of costa rica fincapalamara. it's called mucho deneiro. cultivated from a central american bean known as geisha. it is extremely difficult to produce. the same america who spends $7 on lottery tickets you know you won't win. you can drink this. >> would you? >> to be honest, once i would. >> sucker. $7 coffee. you need music or television or something....
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. >>> well, 30 days until the fiscal cliff and if democrats and republicans don't start talking to each other, everybody's taxes will be going up january 1. as emily schmidt reports, a lot's happening not at the negotiating table, it's happening at the sunday talk shows. it's been 16 days since president obama and congressional leaders gathered to talk about how to avoid the fiscal cliff, the automatic spending cuts and tax increases that go into effect january 1. >> i think we're farther apart but we're coming together. >> i think we're nowhere, period. >> thursday treasury secretary tim geithner presented obama's plan, including $1.4 trillion in tax increases. >> there's not going to be an agreement without rates going up. >> president obama also proposed a $16 billion of spending cuts. >> i'm just flabbergasted. i looked at him and said you can't be serious. >> the house speaker says republicans put increased revenues including efforts to close tax loopholes and put the tax cuts on the table instead of raising tax rates for anyone. >> if there's another way to get income from upper i
. >>> well, 30 days until the fiscal cliff and if democrats and republicans don't start talking to each other, everybody's taxes will be going up january 1. as emily schmidt reports, a lot's happening not at the negotiating table, it's happening at the sunday talk shows. it's been 16 days since president obama and congressional leaders gathered to talk about how to avoid the fiscal cliff, the automatic spending cuts and tax increases that go into effect january 1. >> i think...
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look, you are talking about the fiscal cliff, 25 days away until these tax hikes and federal spending cuts go into effect. you are looking at wall street. it is not making any big moves because of the uncertainty of what is going to happen with this. how long are politicians going to continue dragging their feet. and it is not just wall street. you know, it is beginning to eat into consumer confidence. we just got this index, university of michigan consumer confidence index. just a short time ago, this morning. it showed that consumer confidence plunged and in the first week of its month because americans don't know what to expect taxwise. that's a bad sign for retailers at the most important time of the year. the holidays. because guess what, if consumers aren't feeling confident, they are no going to spend. that domino effect that hit retailers, many of these retailers depend on the holiday sales to push them into a profit important the year. this is what's weighing out there in -- you know, for consumers, yes. fiscal cliff definitely weighing on things. despite the fact that the jo
look, you are talking about the fiscal cliff, 25 days away until these tax hikes and federal spending cuts go into effect. you are looking at wall street. it is not making any big moves because of the uncertainty of what is going to happen with this. how long are politicians going to continue dragging their feet. and it is not just wall street. you know, it is beginning to eat into consumer confidence. we just got this index, university of michigan consumer confidence index. just a short time...
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over the fiscal cliff seem to be heading towards a stalemate but do the capitol hill theatrics tell the whole story? here's thousand politico summed it up, listen to top democrats and republicans talk on camera and it sounds like they could not be further apart. but behind the scenes top officials who have been involved in the talks for many months say the contours of the deal are starting to take shape. well, joining me are jason johnson a political professor, t and a republican strategist ron bonjene, ron, let's start with you, both sides know they'll have to make a deal. one congressman says to get it there has to look like this was fighting this way it's kind of like managing the public's expectati expectations, oh, we didn't give anything, oh, we didn't either. is this rhetoric all just for the show of it? >> part of it is and part of it isn't. part of it is, you know, both sides have to stake out their territory, in any negotiation, you know, you have to show what you want, most of what you want first and then you start really negotiating. so, you know, on the inside, yeah, yo
over the fiscal cliff seem to be heading towards a stalemate but do the capitol hill theatrics tell the whole story? here's thousand politico summed it up, listen to top democrats and republicans talk on camera and it sounds like they could not be further apart. but behind the scenes top officials who have been involved in the talks for many months say the contours of the deal are starting to take shape. well, joining me are jason johnson a political professor, t and a republican strategist ron...
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fiscal cliff will have some real consequences, that we're not just talking about sort of these ambiguous numbers but it will impact them and why does it impact them? because according to a pew report, a third of the revenue of states comes from federal grants, and so states -- >> hey, dan, you're not going to believe this. just as you're speaking live, i'm only going to interrupt you for the governors themselves. let's listen in. >> governor beebe of arkansas, we are three democrats and three republicans. we just had what i would say was a very good meeting with the president. we came in part to make sure that the voices and the issues that we face as governors in the states are heard and are considered as part of the discussions going on here in washington. the president was very open to that, said that we would continue to have a seat at the table. we talked about some of the issues that we often focus on as governors. one of those being opportunities for flexibility in terms of some of the programs that we partner with with the federal government. he was very open to that as well. als
fiscal cliff will have some real consequences, that we're not just talking about sort of these ambiguous numbers but it will impact them and why does it impact them? because according to a pew report, a third of the revenue of states comes from federal grants, and so states -- >> hey, dan, you're not going to believe this. just as you're speaking live, i'm only going to interrupt you for the governors themselves. let's listen in. >> governor beebe of arkansas, we are three democrats...
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let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential. there's no way mathematically, if you look at the republican's proposal, that you can get to the deficit reduction that we need to with preserving the middle class tax cuts by not increasing as the republicans refuse to do the upper tier rates. there's room for discussion, but that -- >> so the 39.6%, that's not a red line? >> as far as i know and the conversations i've had, the president has said there's room for compromise, but for the red line to be drawn in the sand by republicans to say that an increase in rates on the wealthiest a
let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential....
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one thing not happening is formal face to face serious talks on the looming fiscal cliff. but, hey, there is still 28 days until a huge package of tax hikes and spending cuts kicks in. our senior congressional correspondent dana bash is on the hill for us today. you're reporting there no formal talks going on, but is there something, anything going on behind the scenes? >> reporter: let me read you an e-mail i got from a group of republican source, who said no conversations today no e-mails, tweets or carrier pigeons. that pretty much answers that question. no. generally what happens with this kind of high stakes negotiating is you have the public bluster and posturing going on. but the behind the scenes you have conversations that happen, that tries to sort of really feel the other side out, and try to get a sense of where a compromise could happen. i'm told not just by republican sources but democratic sources that simply is not happening today despite jay carney insisting there are conversations going on. he said that at the white house today. why is that, brooke? i can
one thing not happening is formal face to face serious talks on the looming fiscal cliff. but, hey, there is still 28 days until a huge package of tax hikes and spending cuts kicks in. our senior congressional correspondent dana bash is on the hill for us today. you're reporting there no formal talks going on, but is there something, anything going on behind the scenes? >> reporter: let me read you an e-mail i got from a group of republican source, who said no conversations today no...
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falling over that so-called fiscal cliff. tax hikes and spending cuts kick in in january, january 1st that is if no agreement is reached between the white house and republicans on how to close the budget gap. it has been more than two weeks since president obama invited the major players to the white house to discuss the situation. and each side has staked out a position, and neither appears willing to brung at all. we are joined by white house correspondent brianna keilar. good morning to you, brianna. so the white house is insisting income taxes for the wealthy increase, and they are not budging on that position. how do we ever get to a compromise here? >> yeah, they're not budging on that. the white house, zoraida, after really not being happy with the pace of negotiations a week before last, sent treasury secretary tim geithner to the hill to talk to house republicans and lay out what really has been public, what president obama wants, or at least his opening offer for deficit reduction, about $1.6 trillion in new taxes a
falling over that so-called fiscal cliff. tax hikes and spending cuts kick in in january, january 1st that is if no agreement is reached between the white house and republicans on how to close the budget gap. it has been more than two weeks since president obama invited the major players to the white house to discuss the situation. and each side has staked out a position, and neither appears willing to brung at all. we are joined by white house correspondent brianna keilar. good morning to you,...
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. >>> forget what the fiscal cliff will do. one group says we're already in a recession. aly velshi has some thoughts live next. plash with the employ. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. >>> i'm ali velshi and this is "your money." today, are we in a recession? i mean, times are tough but come on. consumer confidence is up. americans are spending more money in the holiday season and if congress doesn't push the country over a fiscal cliff we're likely headed for more economic growth. right? one of th
. >>> forget what the fiscal cliff will do. one group says we're already in a recession. aly velshi has some thoughts live next. plash with the employ. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to...
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Nov 29, 2012
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tomorrow we'll have both republican ares and democrats onto talk about the fiscal cliff. it is going to be an interesting show with some fireworks. ac 360 starts now. wolf blitzer is in for anderson cooper. oh no, not a migraine now. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network
tomorrow we'll have both republican ares and democrats onto talk about the fiscal cliff. it is going to be an interesting show with some fireworks. ac 360 starts now. wolf blitzer is in for anderson cooper. oh no, not a migraine now. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. bp has paid overthe people of bp...
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Dec 3, 2012
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. >> i think the really discussions around the fiscal cliff haven't even begun to be serious yet and the reason they haven't is we have really not begun to talk about real entitlement reforms and the only way of a true avoidance and until the debate moves to that point there's really no serious debate taking place and i think, by the way, i think over the course of the next week that is where you're going to see the debate move to. >> reporter: and so, there's no official proposal on entitlement reform in this moment but mitch mcconnell, the senate minority leader interviewed last week and talked about some ideas that might get republicans interested in revenue, raising taxes on the table. higher medicare premiums for the wealthy, increasing the medicare eligibility age and slowing down the cost of living increase and no formal proposal but specifics he floated. >> message to both sides, may not be the time to find your spine and dig in. where's the christmas spirit? for heaven's sake, brianna. brianna keilar reporting live for us at the white house, thank you. for more details of wh
. >> i think the really discussions around the fiscal cliff haven't even begun to be serious yet and the reason they haven't is we have really not begun to talk about real entitlement reforms and the only way of a true avoidance and until the debate moves to that point there's really no serious debate taking place and i think, by the way, i think over the course of the next week that is where you're going to see the debate move to. >> reporter: and so, there's no official proposal...
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Nov 30, 2012
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the fiscal cliff. let's listen in. >> that ends up on store shelves in 30 countries is stamped made in america, and that's something to be proud of. that's something to be proud of. >> by the way, i hope the camera folks have a chance for take a look at some of the k'necs, including that flag made of them. joe biden was in costco. he wanted buy some of this stuff, but i told him he had too much work to do. i wasn't going to have him building roller coasters all day long. now, of course, santa delivers everywhere. i have been keeping my own naughty and nice list for washington, so you should keep your eye on who gets some k' necs this year. some members of congress will get them, and there will be some who don't. [ applause ] >> this is a wonderful time of year. it's been a few weeks since a long election finally came to an end, and obviously i couldn't be more honored to be back in the white house, but i'm already missing the time that i spent on the campaign visiting towns like this and talking to fol
the fiscal cliff. let's listen in. >> that ends up on store shelves in 30 countries is stamped made in america, and that's something to be proud of. that's something to be proud of. >> by the way, i hope the camera folks have a chance for take a look at some of the k'necs, including that flag made of them. joe biden was in costco. he wanted buy some of this stuff, but i told him he had too much work to do. i wasn't going to have him building roller coasters all day long. now, of...